SmarTrend Watching for Potential Pullback in Shares of Nuance Communications After 1.87% Gain

Jan 28, 2013 (SmarTrend(R) News Watch via COMTEX) --
Nuance Communications (NASDAQ:NUAN) traded in a range yesterday that spanned from a low of $23.57 to a high of $24.12. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $23.60 on volume of 3.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Nuance Communications on December 12th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.30. Since that recommendation, shares of Nuance Communications have risen 5.8%. We continue to monitor NUAN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Nuance Communications share prices have been bracketed by a low of $19.32 and a high of $31.15 and are now at $24.02, 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.2%.

Write to Chip Brian at cbrian@mysmartrend.com
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